The Financial Times reports that the move to take control of the money owed to Lloyds and Royal Bank of Scotland – believed to be around £200m – paving the way for it to assume full ownership of the brand.

This first step is understood to be designed to stabilise the current situation and give both Hilco and administrator Deloitte a little wriggle-room as negotiations continue

HMV the name may be saved, but as usual in these circumstances you just know there's creditors out there getting the shaft.

The Financial Times reports that the move to take control of the money owed to Lloyds and Royal Bank of Scotland – believed to be around £200m – paving the way for it to assume full ownership of the brand.

This first step is understood to be designed to stabilise the current situation and give both Hilco and administrator Deloitte a little wriggle-room as negotiations continue

HMV the name may be saved, but as usual in these circumstances you just know there's creditors out there getting the shaft.

That won't be the case. Hilco would have bought the debts from Lloyds and RBS so the money is then owed to Hilco instead. Lloyds and RBS would have received either the full value of the debt, or a sum which they deem to be acceptable. Either way, they won't have been shafted.